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Empire Company Limited (T:EMP.A)

Business Focus: Food Retail & Distribution

Sector:  Consumer Non-Cyclicals Industry:  Food Retail & Distribution
 
See Regulatory Filings on SEDAR
Company Contact
Address: 115 King Street
STELLARTON NS B0K 1S0
Tel: N/A
Website: www.empireco.ca
IR: See website
Key People
James M. Dickson
Independent Chairman of the Board
Michael B. Medline
President, Chief Executive Officer, Director
Michael H. Vels
Chief Financial Officer, Executive Vice President
Pierre St-Laurent
Chief Operating Officer
Simon Gagne
Executive Vice President - Human Resources
Vivek Sood
Executive Vice President - Related Businesses
Douglas B. Nathanson
Senior Vice President, General Counsel, Secretary
   
Business Overview
Empire Company Limited is engaged in the business of food retailing and related real estate. The Company's segments include Food Retailing, and Investments and Other Operations. The Food Retailing segment consists of its subsidiary, Sobeys Inc., which owns, affiliates or franchises over 1,500 stores in approximately 10 provinces under retail banners that include Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, and Lawton's Drug Stores, as well as more than 350 retail fuel locations. The Company's Investments and Other Operations segment includes equity accounted interest in Crombie REIT, which is an open-ended real estate investment trust owning a portfolio of over 260 retail and office properties across Canada, and equity accounted interests in Genstar Development Partnership, Genstar Development Partnership II, GDC Investments 4, L.P., GDC Investments 6, L.P., GDC Investments 7, L.P., GDC Investments 8, L.P. and The Fraipont Partnership (collectively, Genstar).
Financial Overview
For the 39 weeks ended 01 February 2020, Empire Company Limited revenues increased 3% to C$19.65B. Net income increased 53% to C$405.7M. Revenues reflect Retail Sales, Total increase of 3% to C$19.58B. Net income benefited from Food Distribution segment income increase of 82% to C$723.5M, Merchandise Margins, Total - % increase of 3% to 24.6%. Dividend per share increased from C$0.33 to C$0.36.
Employees: 123,000 as of Feb 1, 2020
Reporting Currency: Canadian Dollars
Enterprise value: $9,716M as of Feb 1, 2020
Annual revenue (TTM): $25,902M as of Feb 1, 2020
EBITDA (TTM): $1,650M as of Feb 1, 2020
Net annual income (TTM): $527.80M as of Feb 1, 2020
Free cash flow (TTM): $784.60M as of Feb 1, 2020
Net Debt Last Fiscal Year: $6,332M as of Feb 1, 2020
Shares outstanding: 270,597,737 as of Feb 1, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization